Overview
- Liverpool Crown Court heard Allan Wood, 59, admit four counts of fraud by abuse of position tied to his role at the shipyard.
- Judge imposed a prison term of five years and three months following the guilty plea.
- Investigators found that in 2007–2008 he transferred over £1.5 million into personal accounts and used company funds to pay his credit cards.
- He also authorised about £315,000 in unauthorised corporate entertainment, including expensive football tickets for himself, friends and family.
- Merseyside Police said the total loss was £1,870,243, noted the strain on employees and the business, and described the sentence as a deterrent after a probe launched in January 2021.